NEW YORK—A federal judge on March 28 sentenced FTX founder Sam Bankman-Fried to 25 years in prison for defrauding investors of $8 billion via the fallen cryptocurrency exchange.
U.S. District Judge Lewis Kaplan handed down the sentence at a Manhattan court hearing after rejecting Mr. Bankman-Fried’s claim that FTX customers did not actually lose money and accusing him of lying during his trial testimony. In November 2023, jurors convicted Mr. Bankman-Fried of all seven counts of conspiracy and fraud with which government lawyers charged him.
